Vietnam Online Food Delivery Platforms Market

Vietnam online food delivery platforms market is valued at USD 1.8 Bn, fueled by rising smartphone use, urban growth, and demand for convenient ordering in cities like Hanoi and Ho Chi Minh.

Region:Asia

Author(s):Rebecca

Product Code:KRAB2888

Pages:84

Published On:October 2025

About the Report

Base Year 2024

Vietnam Online Food Delivery Platforms Market Overview

  • The Vietnam Online Food Delivery Platforms Market is valued at USD 1.8 billion, based on a five-year historical analysis. This growth is primarily driven by the increasing adoption of smartphones, rapid urbanization, and a shift in consumer behavior towards convenience and online shopping. The rise in disposable income and the growing trend of food delivery services among the younger population have also significantly contributed to the market's expansion. With over 70% internet penetration and widespread smartphone use, Vietnam has become a fertile market for food delivery services, further accelerated by the COVID-19 pandemic which cultivated new habits of online food ordering among consumers.
  • Key cities dominating this market include Ho Chi Minh City and Hanoi, which are characterized by their high population density and vibrant urban lifestyles. The demand for food delivery services in these cities is fueled by a large number of restaurants, a busy lifestyle among residents, and a growing preference for online ordering, making them prime locations for food delivery platforms. ShopeeFood leads the market with about 56% market share in Hanoi, demonstrating the concentrated urban demand in major metropolitan areas.
  • The Vietnamese government has implemented the Food Safety Law, 2010 issued by the National Assembly, which establishes comprehensive food safety standards for online food delivery services. This regulation mandates compliance with hygiene and safety protocols for food handling and delivery, including requirements for food business operators to obtain proper licenses, maintain temperature control during delivery, and ensure traceability of food products throughout the supply chain, aimed at ensuring consumer safety and boosting confidence in online food ordering.
Vietnam Online Food Delivery Platforms Market Size

Vietnam Online Food Delivery Platforms Market Segmentation

By Delivery Model:

Vietnam Online Food Delivery Platforms Market segmentation by Delivery Model.

The delivery model segmentation includes two primary subsegments: Platform-to-consumer and Restaurant-to-consumer. The Platform-to-consumer model, exemplified by services like GrabFood, ShopeeFood, and BeFood (formerly Baemin), has gained significant traction due to its convenience and user-friendly interfaces. This model allows consumers to order from a wide variety of restaurants through a single platform, enhancing customer experience. Following Gojek's exit from Vietnam in September 2024, three major platforms remain, with ShopeeFood and GrabFood dominating over 90% combined market share. On the other hand, the Restaurant-to-consumer model, which can be managed by the restaurant itself or through third-party logistics, is also growing as restaurants seek to establish direct relationships with their customers. However, the Platform-to-consumer model currently dominates the market due to its extensive reach and marketing strategies that appeal to tech-savvy consumers.

By Order Type:

Vietnam Online Food Delivery Platforms Market segmentation by Order Type.

This segmentation includes Individual orders and Group orders. Individual orders are the most common type of transaction in the online food delivery market, driven by the increasing number of single-person households and busy lifestyles that favor quick meal solutions. The widespread availability of diverse food options including Vietnamese cuisines, western cuisines, and South Asian cuisines caters to unique food preferences of different consumers across the country. Group orders, while less frequent, are gaining popularity, especially among corporate clients and during social gatherings. The convenience of ordering for multiple people through a single platform is appealing, but the Individual orders segment remains the leader due to its volume and frequency of transactions.

Vietnam Online Food Delivery Platforms Market Competitive Landscape

The Vietnam Online Food Delivery Platforms Market is characterized by a dynamic mix of regional and international players. Leading participants such as GrabFood, ShopeeFood, BeFood, Now.vn, Loship, Viettel Post, Foody.vn, Chopp.vn, Ahamove, FastGo, VinID, TikiNOW, DeliveryNow, Momo contribute to innovation, geographic expansion, and service delivery in this space.

GrabFood

2012

Singapore

ShopeeFood

2015

Singapore

BeFood

2010

South Korea

Now.vn

2014

Vietnam

Loship

2017

Vietnam

Company

Establishment Year

Headquarters

Group Size (Large, Medium, Small)

Monthly Active Users (MAU)

Gross Merchandise Value (GMV)

Average Order Value (AOV)

Delivery Time Efficiency (Average Minutes per Order)

Customer Retention Rate (%)

Vietnam Online Food Delivery Platforms Market Industry Analysis

Growth Drivers

  • Increasing Smartphone Penetration:As of future, Vietnam's smartphone penetration rate is projected to reach 85%, with approximately 80 million smartphone users. This surge facilitates access to online food delivery platforms, enabling consumers to order food conveniently. The World Bank reports that mobile internet subscriptions have increased by 15% annually, further driving the growth of digital services. Enhanced connectivity allows platforms to reach a broader audience, significantly boosting market engagement and sales.
  • Rising Urbanization:Vietnam's urban population is expected to exceed 40% in future, translating to over 37 million urban residents. This demographic shift is accompanied by changing lifestyles, where convenience becomes paramount. The Asian Development Bank indicates that urban areas are experiencing a 5% annual growth rate, leading to increased demand for food delivery services. Urban consumers prioritize quick meal solutions, propelling the online food delivery market forward as they seek efficient dining options.
  • Growing Demand for Convenience:The demand for convenience in food consumption is escalating, with a reported 60% of urban consumers preferring food delivery services over traditional dining. According to a future industry report, the average consumer orders food online at least twice a week. This trend is driven by busy lifestyles and the desire for time-saving solutions. As a result, online food delivery platforms are capitalizing on this shift, enhancing their service offerings to meet consumer expectations.

Market Challenges

  • Intense Competition:The online food delivery market in Vietnam is characterized by fierce competition, with over 20 major players vying for market share. This saturation leads to aggressive pricing strategies, impacting profit margins. A future market analysis indicates that leading platforms like GrabFood and Now.vn are investing heavily in marketing and promotions, which can strain financial resources. The competitive landscape necessitates continuous innovation and differentiation to maintain customer loyalty and market position.
  • Delivery Logistics Issues:Efficient delivery logistics remain a significant challenge, particularly in densely populated urban areas. Traffic congestion in cities like Ho Chi Minh City can delay deliveries, affecting customer satisfaction. A future logistics report highlights that delivery times can exceed 45 minutes during peak hours, leading to potential loss of customers. Companies must invest in optimizing their logistics networks and employing advanced technologies to enhance delivery efficiency and reliability.

Vietnam Online Food Delivery Platforms Market Future Outlook

The future of Vietnam's online food delivery market appears promising, driven by technological advancements and evolving consumer preferences. As platforms increasingly adopt AI and machine learning, personalized services will enhance user experiences. Additionally, the integration of sustainable practices will resonate with health-conscious consumers. The market is likely to see further expansion into rural areas, tapping into previously underserved demographics. Overall, the combination of innovation and strategic partnerships will shape the competitive landscape in the coming years.

Market Opportunities

  • Expansion into Rural Areas:With approximately 60% of Vietnam's population residing in rural regions, there is a significant opportunity for online food delivery platforms to expand their services. By establishing partnerships with local restaurants and utilizing mobile technology, companies can tap into this underserved market, potentially increasing their customer base by millions and driving revenue growth.
  • Introduction of Subscription Models:The introduction of subscription models could enhance customer loyalty and provide predictable revenue streams. A future survey indicates that 30% of consumers would consider a subscription for regular meal deliveries. By offering tailored meal plans and exclusive discounts, platforms can attract and retain customers, fostering long-term relationships and increasing overall market share.

Scope of the Report

SegmentSub-Segments
By Delivery Model

Platform-to-consumer (e.g., GrabFood, ShopeeFood, Baemin)

Restaurant-to-consumer (restaurant-managed or third-party logistics)

By Order Type

Individual orders

Group orders

By Cuisine Type

Vietnamese cuisine (e.g., pho, banh mi, bun cha, com tam)

Asian cuisine (Chinese, Thai, Japanese, etc.)

Western cuisine (Italian, American, European)

Fast food

Vegetarian/vegan options

Desserts & beverages

By Payment Method

Cash on delivery

Online payment (credit/debit cards)

Digital wallets (Momo, ZaloPay, ViettelPay)

By Customer Type

Individual consumers

Corporate clients

Event catering

By Order Method

Mobile application (dominant channel)

Website

By Region

Southern Vietnam (Ho Chi Minh City, dominant market share)

Northern Vietnam (Hanoi)

Central Vietnam

By Subscription Model

Monthly subscriptions

Pay-per-order

Annual subscriptions

By Customer Demographics

Age group

Income level

Urban vs rural

Key Target Audience

Investors and Venture Capitalist Firms

Government and Regulatory Bodies (e.g., Ministry of Industry and Trade, Ministry of Health)

Food and Beverage Manufacturers

Logistics and Delivery Service Providers

Restaurant Chains and Independent Restaurants

Payment Processing Companies

Telecommunications Companies

Advertising and Marketing Agencies

Players Mentioned in the Report:

GrabFood

ShopeeFood

Baemin

Now.vn

Loship

Viettel Post

Foody.vn

Chopp.vn

GoFood (by Gojek)

Ahamove

FastGo

VinID

TikiNOW

DeliveryNow

Momo

Table of Contents

Market Assessment Phase

1. Executive Summary and Approach


2. Vietnam Online Food Delivery Platforms Market Overview

2.1 Key Insights and Strategic Recommendations

2.2 Vietnam Online Food Delivery Platforms Market Overview

2.3 Definition and Scope

2.4 Evolution of Market Ecosystem

2.5 Timeline of Key Regulatory Milestones

2.6 Value Chain & Stakeholder Mapping

2.7 Business Cycle Analysis

2.8 Policy & Incentive Landscape


3. Vietnam Online Food Delivery Platforms Market Analysis

3.1 Growth Drivers

3.1.1 Increasing smartphone penetration
3.1.2 Rising urbanization
3.1.3 Growing demand for convenience
3.1.4 Expansion of restaurant partnerships

3.2 Market Challenges

3.2.1 Intense competition
3.2.2 Delivery logistics issues
3.2.3 Regulatory hurdles
3.2.4 Consumer trust and safety concerns

3.3 Market Opportunities

3.3.1 Expansion into rural areas
3.3.2 Introduction of subscription models
3.3.3 Integration of AI for personalized services
3.3.4 Collaborations with local food producers

3.4 Market Trends

3.4.1 Growth of cloud kitchens
3.4.2 Increased focus on sustainability
3.4.3 Rise of health-conscious food options
3.4.4 Adoption of contactless delivery methods

3.5 Government Regulation

3.5.1 Food safety regulations
3.5.2 E-commerce laws
3.5.3 Labor laws affecting delivery personnel
3.5.4 Taxation policies for online services

4. SWOT Analysis


5. Stakeholder Analysis


6. Porter's Five Forces Analysis


7. Vietnam Online Food Delivery Platforms Market Market Size, 2019-2024

7.1 By Value

7.2 By Volume

7.3 By Average Selling Price


8. Vietnam Online Food Delivery Platforms Market Segmentation

8.1 By Delivery Model

8.1.1 Platform-to-consumer (e.g., GrabFood, ShopeeFood, Baemin)
8.1.2 Restaurant-to-consumer (restaurant-managed or third-party logistics)

8.2 By Order Type

8.2.1 Individual orders
8.2.2 Group orders

8.3 By Cuisine Type

8.3.1 Vietnamese cuisine (e.g., pho, banh mi, bun cha, com tam)
8.3.2 Asian cuisine (Chinese, Thai, Japanese, etc.)
8.3.3 Western cuisine (Italian, American, European)
8.3.4 Fast food
8.3.5 Vegetarian/vegan options
8.3.6 Desserts & beverages

8.4 By Payment Method

8.4.1 Cash on delivery
8.4.2 Online payment (credit/debit cards)
8.4.3 Digital wallets (Momo, ZaloPay, ViettelPay)

8.5 By Customer Type

8.5.1 Individual consumers
8.5.2 Corporate clients
8.5.3 Event catering

8.6 By Order Method

8.6.1 Mobile application (dominant channel)
8.6.2 Website

8.7 By Region

8.7.1 Southern Vietnam (Ho Chi Minh City, dominant market share)
8.7.2 Northern Vietnam (Hanoi)
8.7.3 Central Vietnam

8.8 By Subscription Model

8.8.1 Monthly subscriptions
8.8.2 Pay-per-order
8.8.3 Annual subscriptions

8.9 By Customer Demographics

8.9.1 Age group
8.9.2 Income level
8.9.3 Urban vs rural

9. Vietnam Online Food Delivery Platforms Market Competitive Analysis

9.1 Market Share of Key Players

9.2 Cross Comparison of Key Players

9.2.1 Company Name
9.2.2 Group Size (Large, Medium, Small)
9.2.3 Monthly Active Users (MAU)
9.2.4 Gross Merchandise Value (GMV)
9.2.5 Average Order Value (AOV)
9.2.6 Delivery Time Efficiency (Average Minutes per Order)
9.2.7 Customer Retention Rate (%)
9.2.8 Market Penetration (Cities Covered/Percentage of Population Served)
9.2.9 Revenue Growth Rate (YoY)
9.2.10 Customer Satisfaction Score (CSAT/NPS)
9.2.11 Payment Method Adoption (Cash/Digital/Wallet)
9.2.12 Restaurant Partner Network Size

9.3 SWOT Analysis of Top Players

9.4 Pricing Analysis

9.5 Detailed Profile of Major Companies

9.5.1 GrabFood
9.5.2 ShopeeFood
9.5.3 Baemin
9.5.4 Now.vn
9.5.5 Loship
9.5.6 Viettel Post
9.5.7 Foody.vn
9.5.8 Chopp.vn
9.5.9 GoFood (by Gojek)
9.5.10 Ahamove
9.5.11 FastGo
9.5.12 VinID
9.5.13 TikiNOW
9.5.14 DeliveryNow
9.5.15 Momo

10. Vietnam Online Food Delivery Platforms Market End-User Analysis

10.1 Procurement Behavior of Key Ministries

10.1.1 Food safety compliance
10.1.2 Budget allocation for food services
10.1.3 Preference for local vendors

10.2 Corporate Spend on Infrastructure & Energy

10.2.1 Investment in delivery infrastructure
10.2.2 Budget for technology integration
10.2.3 Expenditure on marketing and promotions

10.3 Pain Point Analysis by End-User Category

10.3.1 Delivery delays
10.3.2 Quality of food
10.3.3 Customer service issues

10.4 User Readiness for Adoption

10.4.1 Familiarity with online platforms
10.4.2 Trust in delivery services
10.4.3 Willingness to pay for convenience

10.5 Post-Deployment ROI and Use Case Expansion

10.5.1 Increased customer base
10.5.2 Enhanced brand loyalty
10.5.3 Opportunities for upselling

11. Vietnam Online Food Delivery Platforms Market Future Size, 2025-2030

11.1 By Value

11.2 By Volume

11.3 By Average Selling Price


Go-To-Market Strategy Phase

1. Whitespace Analysis + Business Model Canvas

1.1 Market gaps identification

1.2 Value proposition development

1.3 Revenue model exploration

1.4 Customer segment analysis

1.5 Key partnerships

1.6 Cost structure analysis

1.7 Competitive advantage


2. Marketing and Positioning Recommendations

2.1 Branding strategies

2.2 Product USPs

2.3 Target audience identification

2.4 Communication channels

2.5 Promotional tactics


3. Distribution Plan

3.1 Urban retail vs rural NGO tie-ups

3.2 Logistics partnerships

3.3 Delivery network optimization

3.4 Technology integration


4. Channel & Pricing Gaps

4.1 Underserved routes

4.2 Pricing bands

4.3 Competitor pricing analysis

4.4 Customer willingness to pay


5. Unmet Demand & Latent Needs

5.1 Category gaps

5.2 Consumer segments

5.3 Emerging trends

5.4 Feedback mechanisms


6. Customer Relationship

6.1 Loyalty programs

6.2 After-sales service

6.3 Customer engagement strategies

6.4 Feedback and improvement loops


7. Value Proposition

7.1 Sustainability

7.2 Integrated supply chains

7.3 Unique selling points

7.4 Customer-centric approach


8. Key Activities

8.1 Regulatory compliance

8.2 Branding

8.3 Distribution setup

8.4 Technology implementation


9. Entry Strategy Evaluation

9.1 Domestic Market Entry Strategy

9.1.1 Product mix
9.1.2 Pricing band
9.1.3 Packaging

9.2 Export Entry Strategy

9.2.1 Target countries
9.2.2 Compliance roadmap

10. Entry Mode Assessment

10.1 JV

10.2 Greenfield

10.3 M&A

10.4 Distributor Model


11. Capital and Timeline Estimation

11.1 Capital requirements

11.2 Timelines


12. Control vs Risk Trade-Off

12.1 Ownership vs Partnerships


13. Profitability Outlook

13.1 Breakeven analysis

13.2 Long-term sustainability


14. Potential Partner List

14.1 Distributors

14.2 JVs

14.3 Acquisition targets


15. Execution Roadmap

15.1 Phased Plan for Market Entry

15.1.1 Market Setup
15.1.2 Market Entry
15.1.3 Growth Acceleration
15.1.4 Scale & Stabilize

15.2 Key Activities and Milestones

15.2.1 Activity timelines
15.2.2 Milestone tracking

Research Methodology

ApproachModellingSample

Phase 1: Approach1

Desk Research

  • Analysis of industry reports from local market research firms focusing on online food delivery trends in Vietnam
  • Review of government publications and statistics related to e-commerce growth and food service regulations
  • Examination of consumer behavior studies and surveys conducted by academic institutions on food delivery preferences

Primary Research

  • Interviews with key stakeholders in the online food delivery ecosystem, including platform operators and restaurant partners
  • Surveys targeting consumers to gather insights on usage patterns, preferences, and satisfaction levels with existing platforms
  • Focus group discussions with delivery personnel to understand operational challenges and customer interactions

Validation & Triangulation

  • Cross-validation of findings through comparison with historical growth rates and market penetration data
  • Triangulation of insights from primary interviews with secondary data sources to ensure consistency
  • Sanity checks conducted through expert panel reviews involving industry veterans and market analysts

Phase 2: Market Size Estimation1

Top-down Assessment

  • Estimation of total market size based on national e-commerce sales figures and food service industry growth rates
  • Segmentation of the market by delivery types, including restaurant delivery, grocery delivery, and meal kits
  • Incorporation of demographic data to assess potential market reach and consumer spending behavior

Bottom-up Modeling

  • Collection of transaction data from leading online food delivery platforms to establish average order values and frequency
  • Analysis of operational costs and pricing strategies employed by various platforms to determine profitability margins
  • Volume estimates based on restaurant partnerships and geographic coverage across urban and rural areas

Forecasting & Scenario Analysis

  • Utilization of time-series analysis to project future growth based on historical data and emerging trends
  • Scenario modeling to assess impacts of regulatory changes, economic shifts, and consumer behavior evolution
  • Development of multiple growth scenarios (baseline, optimistic, and pessimistic) to guide strategic planning through 2030

Phase 3: CATI Sample Composition1

Scope Item/SegmentSample SizeTarget Respondent Profiles
Consumer Preferences in Food Delivery120Frequent Users, Occasional Users, Non-Users
Restaurant Partnerships and Collaborations85Restaurant Owners, Managers, Franchise Operators
Delivery Personnel Insights75Delivery Drivers, Logistics Coordinators
Market Trends and Innovations65Industry Analysts, Technology Providers
Regulatory Impact Assessment55Policy Makers, Regulatory Affairs Specialists

Frequently Asked Questions

What is the current value of the Vietnam Online Food Delivery Platforms Market?

The Vietnam Online Food Delivery Platforms Market is valued at approximately USD 1.8 billion, reflecting significant growth driven by smartphone adoption, urbanization, and changing consumer preferences towards convenience and online shopping.

Which cities are the primary markets for online food delivery in Vietnam?

What are the main delivery models in the Vietnam food delivery market?

How has the COVID-19 pandemic affected food delivery habits in Vietnam?

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